Consistency
Progressive Superannuation Fund has maintained consistent investment objectives and strategies since 1998 with highly superior returns for Members – check the Pension Plan performance table since its introduction in July 2007.[ Top ]

Commutable Account-based Pension

Eligibility – If you have reached the “Preservation age” of 55 years and have retired or have reached 65 years of age, irrespective of whether working or not, you can establish a Commutable Account-based Pension (CAP).

For a CAP, there is an age-related minimum amount you are required to be paid each year but there is no maximum – you have access to the total account balance at all times.

The main features of a CAP are:

Tax-free pension payments for people aged 60 or more.

Tax-free lump sum withdrawals for people aged 60 or more.

Reduced income tax rates for those who have retired but are less than 60.

Transition to Retirement Pension

Eligibility – Transition to Retirement Pensions are non-commutable account-based pensions designed for people who have reached their preservation age (currently 55) and want to access their superannuation benefits without retiring from the workforce.

Persons who establish a Transition to Retirement Pension can continue to contribute to their superannuation account including salary sacrifice whilst drawing on their TRP income stream.

For TRPs the Government prescribes both minimum and maximum amounts of annual pension, and lump sum withdrawals are not permitted except in certain circumstances.

However you are not locked in – you are able to transfer your funds back into a superannuation account.

Progressive Super’s distinct and consistent Income and Growth investment strategies have produced highly superior returns to Members since 1998.

Refer to the Pension Plan PDS for detailed information on Progressive’s investment strategies.

Please Note: These investment options are not capital guaranteed and are subject to their respective investment risks which are outlined in the Pension Plan PDS. This means that the value of an investment in them can rise or fall.[ Top ]

Switching of Investment Choice

Members can change Investment choice at any time except that investment choice in place at beginning of a month holds during that month.

Income Investment Strategy

The Income investment strategy is a low risk or defensive strategy for stable income to provide high levels of both:

Security against short-term investment risk; and

Assurance of positive annual returns over any year.

To attain these objectives the Income portfolio holds assets that characteristically produce a steady income and historically have shown low investment risk and volatility.[ Top ]

Growth Investment Strategy

The Growth investment strategy is for significant growth over the medium to long term. Investment is in listed Australian and International Equities and Property Trusts – direct or via collective investments.

A strong benchmark weighting in favour of the ASX 50 Leaders has been held since 1998.

Accordingly, the Growth strategy can be expected to experience short-term fluctuations in returns and have the significant possibility of negative returns in a given year.[ Top ]

Performance

Annualised Earning rates for 3 different Investment Options are shown in the table below. These performances are consistent with the objectives and investment strategies of the Fund.

Option

Income

Growth

Balanced

Period ending 31 March 2015

Earning Rate

Earning Rate

Earning Rate

7 years

5.18 % pa

8.05 % pa

7.39 % pa

5 years

4.76 % pa

8.95 % pa

7.81 % pa

3 years

4.18 % pa

15.72 % pa

12.28 % pa

1 year

3.28 % pa

16.84 % pa

12.72 % pa

Member earnings are the investment income less the coverall management charge – there are no contributions fees deducted nor any other fees or charges against Members’ contributions or benefits balances.

Please note: Past performance is not a guarantee for future performance.